Cubic Co. (NYSE:CUB) Shares Acquired by Miles Capital Inc.

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Miles Capital Inc. grew its holdings in Cubic Co. (NYSE:CUB) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,251 shares of the scientific and technical instruments company’s stock after buying an additional 235 shares during the period. Miles Capital Inc.’s holdings in Cubic were worth $339,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Cubic by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,063 shares of the scientific and technical instruments company’s stock valued at $622,000 after buying an additional 200 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Cubic by 2.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,570 shares of the scientific and technical instruments company’s stock valued at $553,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Cubic by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 44,465 shares of the scientific and technical instruments company’s stock valued at $2,867,000 after acquiring an additional 256 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Cubic by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 822 shares of the scientific and technical instruments company’s stock valued at $46,000 after acquiring an additional 274 shares during the last quarter. Finally, Mason Street Advisors LLC increased its holdings in shares of Cubic by 3.8% in the 1st quarter. Mason Street Advisors LLC now owns 9,204 shares of the scientific and technical instruments company’s stock valued at $518,000 after acquiring an additional 333 shares during the last quarter. 97.57% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Cubic from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. SunTrust Banks assumed coverage on Cubic in a report on Thursday, September 5th. They issued a “hold” rating and a $74.00 price objective on the stock. ValuEngine upgraded Cubic from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, TheStreet upgraded Cubic from a “c” rating to a “b-” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Cubic currently has a consensus rating of “Buy” and an average price target of $74.50.

Shares of NYSE CUB traded up $1.75 during trading hours on Friday, reaching $72.01. The stock had a trading volume of 8,244 shares, compared to its average volume of 266,523. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 112.22 and a beta of 1.18. The company has a current ratio of 1.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Cubic Co. has a fifty-two week low of $50.61 and a fifty-two week high of $76.40. The firm has a 50-day moving average of $68.29 and a 200-day moving average of $61.81.

Cubic (NYSE:CUB) last announced its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $382.70 million during the quarter, compared to analysts’ expectations of $345.61 million. Cubic had a return on equity of 5.37% and a net margin of 1.83%. The business’s revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. On average, equities analysts predict that Cubic Co. will post 3.18 EPS for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were given a $0.135 dividend. The ex-dividend date of this dividend was Thursday, August 29th. Cubic’s dividend payout ratio (DPR) is presently 42.19%.

Cubic Company Profile

Cubic Corporation provides various integrated solutions worldwide. Its solutions enhance the situational understanding for transportation, defense, and training customers, as well as for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) customers. The company operates through three segments: Cubic Transportation Systems (CTS), Cubic Global Defense Systems (CGD), and Cubic Mission Solutions (CMS).

Further Reading: Neutral Rating

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Institutional Ownership by Quarter for Cubic (NYSE:CUB)

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